South Korea

South Korea

Policy

South Korea Looks to Invalidate Terra Co-Founder Do Kwon's Passport: Report

The CEO of Terra along with five others were issued with an arrest warrant on Wednesday.

Terraform Labs CEO Do Kwon on CoinDesk TV in December (CoinDesk)

Markets

Terra’s Luna, Luna Classic Tokens Plunge as South Korea Issues Arrest Warrant for Do Kwon

Terra-based decentralized finance products saw outflows of over $20 million Wednesday morning.

Terraform Labs CEO Do Kwon. (CoinDesk TV, modified)

Finance

South Korean Court Issues Arrest Warrant for Terra Co-Founder Do Kwon

The warrant also includes five others, according to a report.

Do Kwon, cofundador de Terraform Labs. (Terra)

Policy

South Korea Is Gearing Up to Institutionalize Security Tokens

The country's financial regulators plan to publish guidelines for security token issuance and distribution towards the end of 2022.

South Korea's financial regulators want to formalize the issuance and distribution of security tokens. (Jacek Malipan/Getty Images)

Policy

Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure

Tokens listed on Upbit, South Korea’s largest exchange by trading volume, see major market movements.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Policy

Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report

An investigation by the Korea Customs Service discovered over 2.7 trillion won ($2 billion) in illegal foreign exchange transactions related to virtual assets since February.

 (Daniel Bernard/Unsplash)

Finance

S. Korean City Busan Taps FTX to Develop Crypto Exchange, Promote Blockchain Businesses

Busan aims to develop a blockchain zone in the coming years and had also signed on crypto exchange Binance last week.

Busan City, South Korea (Getty Images)

Policy

South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says

The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.

South Korea has delayed plans to tax crypto by two years to 2025. (Jacek Malipan/Getty)

Finance

Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry

Binance will provide services and education to support the city's blockchain development.

Busan City, South Korea (Getty Images)